Consider the following information for Presidio Inc.'s most recent year of operations. Additional information for Presidio's most recent year of operations follows: ODD Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($285,600 + 2,400 units) Total variable selling expenses ($13 per unit sold) Total fixed general and administrative expenses . in com Na 100 DOO 00 un Required: 2. Complete a full absorption costing income statement and a variable costing income statement for Presidio. Assume there was no beginning inventory. X Answer is not complete. Presidio, Inc. Full Absorption Income Statement $ 1,073,000 Sales Less: Cost of Goods Sold Gross Margin Less: Selling Expense Net Operating Income Answer is complete and correct. Presidio, Inc. Contribution Margin Income Statement Sales revenue $ 1,073,000 Less: Variable Manufacturing Costs 232.000 Variable Selling Expenses 18,850 822,150 285,600 Contribution margin Less: Fixed Manufacturing Costs Fixed General and Administrative Expense 85,000 Net Operating Income 451,550 3. Compute the difference in profit between full absorption costing and variable costing. Answer is complete and correct. Difference in Profit $ 113,050